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Until U.S. Attorney Jeanine Pirro's comments, prosecutors had not disclosed whose bullet hit the agent. View More

From left, Acting Attorney General Todd Blanche, Jeanine Pirro, the U.S. attorney for Washington, D.C., and FBI Director Kash Patel conduct a news conference at the Department of Justice about Cole Tomas Allen, the suspect in the White House Correspondents' Association dinner shooting, on Monday, April 27, 2026.Tom Williams | Cq-roll Call, Inc. | Getty Images U.S. Attorney for the District of Columbia Jeanine Pirro said Sunday that the alleged White House Correspondents' Association dinner shooter, Cole Tomas Allen, shot a Secret Service agent as he attempted to storm the Washington Hilton ballroom last weekend. Pirro, speaking on CNN's "State of the Union," said new ballistics evidence showed the agent's protective vest contained a buckshot pellet from the Mossberg pump action shotgun Allen allegedly carried on the night of the shooting.Allen has been charged by federal prosecutors with attempting to assassinate President Donald Trump in the shooting that left one Secret Service agent shot but uninjured. Prosecutors have also charged Allen with the discharge of a firearm during a crime of violence, but until Pirro's comments, law enforcement officials had not disclosed whose bullet hit the agent. Read more CNBC politics coveragePirro reveals new Trump attack evidence; Cole Allen challenges 'suicide precautions'Bard President Botstein retiring after Jeffrey Epstein ties detailedTrump tells Congress hostilities in Iran 'have terminated' at war powers deadlineLutnick gets grilling on Nvidia chip sales to China in Sen. Chris Coons letter "It is definitively his bullet," Pirro said. "He had every intention to kill him and anyone who got in his way on his way to killing the president of the United States." It's so far unclear if the determination that Allen was allegedly the person who shot the agent will result in any additional charges. Prosecutors have warned that more charges may be filed in the case. The shooting at the annual press dinner — which Trump, Vice President JD Vance and many high-ranking administration officials were attending — marked the third attempt on the president's life since 2024. Allen, 31, of California, has been held in custody since the night of the shooting. He waived his right to challenge his detention on Thursday. A video still showing Cole Tomas Allen running through security at the White House Correspondents' Association dinner.Courtesy: USAttyPirro Allen, on Sunday, was removed from any suicide precautions in jail following an emergency motion from his attorneys.Allen's attorneys, in a court filing on Saturday, asked the court to remove him from any suicide precautions while he is imprisoned. The emergency motion was withdrawn on Sunday after his release from suicide precautions, and Allen's attorneys requested a Monday hearing that was scheduled to be canceled. Magistrate Judge Zia M. Faruqui on Sunday denied the motion to vacate the scheduled hearing, however, saying in a minute order that the "Court has grave concerns" about the defendant's "seemingly unprompted solitary confinement for days and overall conditions of confinement."Allen's lawyers, in asking for his removal from suicide status, said they "have not seen, and therefore do not argue, that there is expressed intent to punish Mr. Allen.""Nevertheless, his placement on suicide precautions amounts to punishment where, as here, he has exhibited no indications of suicidality," they wrote.They contended his placement on "suicide watch and suicide precautions amount to violations of his rights under the Due Process Clause to the U.S. Constitution."Allen's attorneys said he was assessed on May 1, and a jail nurse determined he should be removed from suicide watch and suicide precautions protocols. They reported that he was still on suicide precautions during a visit that day, and that they believe he is still under such precautions. The defense said Allen's presence on suicide precautions limited his ability to mount a defense and deprived him of his due process rights. A person held in suicide watch or precautionary protocols "is not permitted to interact with others inside the facility, receive visits, make phone calls, or access commissary or resources such as the law library or jail tablets.""Continued housing under suicide precautions is unnecessary and violates Mr. Allen's due process rights by depriving him of dignity and access to resources inside the jail," they wrote. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Ramkrishna Forgings is set to make waves in the manufacturing sector as they commence operations at their Chennai facility in June. This venture into forged wheel production positions them to create Asia's second-largest wheel manufacturing unit. With an impressive order book of ?9,635 crore, FY27 is shaping up to be a pivotal year, underlining the company's ambitious growth trajectory. View More

New Delhi: Ramkrishna Forgings is gearing up to start commercial operations of its Chennai facility from June this year, a development that will mark the company's foray into forged wheel manufacturing business. The company has been setting up the facility at an estimated cost of Rs 2,000 crore after receiving a Letter of Award (LOA) from the Indian Railways in 2023, Naresh Jalan, the Managing Director of Ramkrishna Forgings, said. Kolkata-based Ramkrishna Forgings has posted a consolidated net profit of Rs 72 crore and income of Rs 4,251.19 crore in FY26. Speaking further about the Chennai project, Jalan said it has been set up in a joint venture with a private entity, in which his company holds a majority stake. He said the facility would be Asia's 2nd largest wheel manufacturing unit with an annual production capacity of 2,28,000 forged wheels. Live Events The project has been executed in two phases - Phase I, costing Rs 1,810 crore and Phase II (Rs 370 crore) - through a combination of debt and equity, Jalan said. Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless steel forgings. During the fourth quarter of FY26, the company secured new orders worth Rs 594 crore, of which 56 per cent of the orders were from the automotive segment and the remaining 44 per cent from the non-automotive segment. As of March 31, the company's total orderbook was at Rs 9,635 crore to be executed over 4 years. About the outlook, Jalan said, "FY27 is poised to be a strong year for the company. A healthy order book provides strong revenue visibility, while improving demand conditions, better operating leverage, continued diversification, and disciplined capital allocation position us well for continued long-term value creation for all stakeholders." .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Jindal Steel International had made an indicative bid for Thyssenkrupp Steel ?Europe (TKSE) last year, leading to months of due diligence and ?negotiations View More

Thyssenkrupp AG and Jindal Steel International have paused discussions on a potential stake sale in the German firm’s steel unit. The company said the assumptions for the deal have changed, citing progress in restructuring its steel business and a more favourable regulatory environment in Europe, which offers better growth prospects despite high energy costs. View More

Thyssenkrupp AG said it and Jindal Steel International agreed to pause talks about the Indian company acquiring a stake in its steel unit. “The original assumptions and prerequisites for a potential sale of Thyssenkrupp Steel have significantly changed in recent months,” the German company said in a statement on Saturday, as per Bloomberg. “Thyssenkrupp has made significant progress in realigning its steel segment,” it said, adding that the regulatory environment for the industry in Europe has become “fundamentally more favorable” and “offers the sector significant potential for stabilization and growth” despite the current surge in energy prices. A deal had become increasingly elusive in the months since Jindal submitted a non-binding offer last fall to buy Thyssenkrupp Steel Europe outright. By March, senior officials at Thyssenkrupp had begun to doubt that an agreement could be reached, Bloomberg reported at the time. The sides hit roadblocks over how much funding the Indian group would be able to provide through a prolonged downturn in Europe’s steel market and how much cash Thyssenkrupp itself would need to inject into the unit before handing control to a new owner. Live Events The German company could have to commit at least €2 billion ($2.3 billion) over time to make a deal work, people familiar with the negotiations said at the time told Bloomberg. Thyssenkrupp Steel has been seeking billions of euros in subsidies from the German government to help fund a raft of decarbonization measures, but uncertainty around approvals for this state aid are also complicating negotiations, the people said. Thyssenkrupp’s goal remains to make the unit autonomous, the company said on Saturday. (With inputs from Bloomberg) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Israel has reportedly sent its advanced 'Iron Beam' laser defence system and surveillance tech to the UAE to counter Iranian threats, marking a significant defence cooperation step. This deployment, alongside US military sales to regional allies, underscores escalating tensions and a bolstered regional security posture amid the ongoing US-Iran conflict. View More

From a cotton trader to a nation builder, the visionary behind steel, science, and modern Indian industry. View More

Jindal Steel reported record production in FY26, with net profit rising 20% and revenue up 8% on higher volumes and firm steel prices. View More

Mangalam Worldwide, a stainless-steel manufacturer, reported an impressive 81% surge in consolidated net profit to Rs 15.37 crore for the quarter ending March 31, driven by a significant reduction in expenses. Despite a dip in income to Rs 266.50 crore, the company's overall annual income saw a 14% increase. View More

Stainless-steel manufacturer Mangalam Worldwide has reported an 81 per cent rise in consolidated net profit to Rs 15.37 crore during the quarter ended March 31, supported by lower expenses. It had reported a net profit of Rs 8.47 crore in the year-ago period, the company said in an exchange filing on Wednesday. The company reduced its expenses to Rs 250 crore from Rs 318 crore in the January-March period of FY25. The income in the fourth quarter was lower at Rs 266.50 crore against Rs 324.56 crore in the year-ago period. For the entire 2025-26, the income stood at Rs 1,214.98 crore, up 14 per cent from Rs 1,066.03 crore in FY25. Live Events Gujarat-based Mangalam Worldwide operations range from scrap melting to the manufacturing of seamless pipes and tubes. PTI .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

CNBC's Jim Cramer said he only sees two sectors in the market these days — the data center stocks and everything else. View More

In this article.SPXIRMFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO3:2103:21Quanta is the obvious winner when you want to build out the grid, says Jim CramerMad Money with Jim Cramer CNBC's Jim Cramer said there are essentially only two sectors in the market these days — the data center stocks and everything else. "The data center, the data center, the data center," said the "Mad Money" host. "You probably tempted to say enough already … but this quarter it went mainstream."The S&P 500 closed at another all-time high on Thursday, powered by a broad group of stocks benefiting from the massive buildout of artificial intelligence infrastructure. Cramer said the pattern is unmistakable: many of the market's biggest winners are all connected, directly or indirectly, to data centers. He pointed to Quanta Services as a prime example. The company builds power lines and grid infrastructure, which have become critical as utilities scramble to meet soaring electricity demand. Data centers, Cramer said, are "giant mouths that must be fed with never-ending electricity," creating opportunity far beyond semiconductors. Cramer also explained that Eaton and Vertiv are benefiting from power management and cooling needs, and Carrier Global is seeing a turnaround tied to data center cooling. "This quarter may be the beginning of a multi-year move," Cramer said. Teradyne has rallied as increased chip production requires more of its testing services. Cramer noted that chipmaker Qualcomm, which has long traded in connection to the smartphone market, is breaking into the data center market with a new, unnamed customer. Even industrial names are being pulled in. Caterpillar is seeing strong demand for its turbines, which are increasingly used to power data centers. "I worry they don't have enough," Cramer said, noting the strength of demand. Meanwhile, networking firms like Ciena, Arista Networks, and Cisco are benefiting as data centers require more connectivity to move massive amounts of data. Even real estate investment trust Iron Mountain, long known for physical document storage, is now leasing space to hyperscalers seeking more computing power. Cramer said the breadth of winners shows the data center boom is no longer a narrow tech trade, but a full-scale industrial expansion with lots of opportunity for investors. "What do we see? A manufacturing mosaic," he said. "As far as I am concerned, the data center is a windfall for almost every slice of the economy." watch nowVIDEO10:3810:38Jim Cramer explains the market can be essentially split into the data center stocks and everything elseMad Money with Jim Cramer Jim Cramer's Guide to InvestingClick here to read Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.DisclaimerQuestions for Cramer? Call Cramer: 1-800-743-CNBCWant to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - InstagramQuestions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Hindustan Laboratories has received Sebi's observations, a crucial step towards its IPO, which includes a fresh issue and an offer for sale. The company plans to use the proceeds for working capital and general corporate needs. RK Steel Manufacturing also received regulatory approval for its issue. View More

Indian pharmaceutical firm Hindustan Laboratories has received observations from capital markets regulator Sebi, clearing a key step toward its proposed initial public offering (IPO). The IPO comprises a total issue size of up to 14.1 million equity shares with a face value of Rs 10 each. This includes a fresh issue of up to 5 million shares and an offer for sale (OFS) of up to 9.1 million shares by existing shareholders. According to the filing, the company intends to use the net proceeds from the fresh issue primarily to fund its working capital requirements and for general corporate purposes. Hindustan Laboratories operates in the generic pharmaceuticals segment, focusing on the large-scale manufacturing and supply of affordable medicines. Its portfolio mainly consists of generic formulations, drugs whose patents have expired and are typically priced lower than branded alternatives, making them widely accessible. The company’s business model is largely business-to-government (B2G), with a strong presence in public procurement systems. It supplies medicines under contracts for central government projects routed through agencies of the Ministry of Health and Family Welfare, as well as various state government bodies. These government institutions form the bulk of its customer base. The IPO is being managed by Choice Capital Advisors Private Limited, which has been appointed as the book-running lead manager for the issue. Live Events Apart from Hindustan Labs, RK Steel has also received the nod from regulator to launch the issue. Incorporated in 2006, RK Steel Manufacturing is a prominent manufacturer of welded structural steel tubes and pipes. The company boasts a diverse product portfolio, including Pre-Galvanised Pipes (GP), Hot Dip Galvanised Pipes (GI), Hot Rolled Pipes (HR), and Cold Rolled Pipes (CR), alongside value-added products like GP Coils and CRFH Coils. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)